Bitcoin: Limitless Potential

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Transcript of Bitcoin: Limitless Potential

BitcoinLimitless PotentialFirst time these are : BLOCKCHAINMiningMonetary ValueThe RulesMyths and MisconceptionsOpen SourceDecentralizedPeer to Peer (P2P)Mathematically Secured=Bitcoin Userstransfer unitsand21 million infinitely divisible units will ever be madeCreation will occur at predictable rate, every 10minsAll transactions are finalProvides verification of transactions Rewards contributions based on POW (Proof of Work)Utility + Scarcity =Money LaunderingFor the first time we have a distributed Ledger ! SWIFT for everyone Incentives for rules to remain the sameby far, the most powerfuldistributed computingnetwork on the planet(and off) ValueHackersReplacementsUnregulated natureBubbleHow can this be USEFUL? "Credit Cards spend and make Billions to achieve what Bitcoin does essentially for FREE" National GeorgaphicCan Bitcoin Change the world you ask ? The Horse is Here to stayHenry Ford's LawyerTelevision won't last, it's a passing fadMary SomervilleThe telephone is inherently of no value to usWestern Union Telegraph CompanyAnything that is developed before we turn 35 is exciting, and whatever comes after that is treated with suspicionDouglas AdamsPLAY BY THE SAME RULESBitcoin is a ...techno "Tour de Force"Bill Gates, Microsoft, founder... remarkable cryptographic achievement. “The ability to create something which is not duplicable in the digital world has enormous valueEric Schmidt, Chairman @ GoogleIf you need ideas, I would humbly suggest you resolve to understand this system and think through the implications and opportunities for your business.Richard Brown, (former)Executive Architect, IBM, Banking UK , cur. R3CEVBitcoin NOT Mt.GoxWho is this Nakamoto person Anyway ?!?!Currency andpayment networkok, so what ?